First Quarter Conference Call May 9, 2013 - Dorel Industries

FINAL TRANSCRIPT
May 9, 2013 – 01:00 p.m. E.T.
Dorel Industries First Quarter Results
Jeffrey Schwartz
Not really, no. We actually… I mean, the slowdown in sales happened everywhere, right?
Mass merchants as well put the brakes on at a certain point in March.
No, I think the steep decline is a combination of a drop in sales from last year and an
increase in spending based on the fact that we were expecting an increase in sales from last year. So
you know, we spent a lot more than we should have, in a sense, but those were the investments we
made in, you know, promoting the brand and, you know, in the Schwinn brand, in the Cannondale
brand. And then the… we're up, you know, our expected sales number is up much more than, you
know, the actual sales number from last year.
Martin Schwartz
You know, like I said, you know, like I said, we're opening up a new retail store, we've
invested in the Guru, okay, we've invested in, you know, in the Cannondale pro racing scene. This is
all us buying into the future. And we spent some of that money in the first quarter to strengthen our
future down the road. This was all part of it.
Stephen MacLeod
Right, okay. I understand. Thank you. And then on Latin America, you mentioned in the
Juvenile segment, so you said Latin America growth was about 37 per cent. Are you able to say how
much of that was organic versus acquisition related?
"Though CNW Group has used commercially reasonable efforts to produce this transcript, it does not represent or warrant that this transcript
is error-free. CNW Group will not be responsible for any direct, indirect, incidental, special, consequential, loss of profits or other damages or
liabilities which may arise out of or result from any use made of this transcript or any error contained therein."
« Bien que CNW Telbec ait fait tous les efforts possibles pour produire cet audioscript, la société ne peut affirmer ou garantir qu’il ne
contient aucune erreur. CNW Telbec ne peut être tenue responsable de pertes ou profits, responsabilités ou dommages causés par ou
découlant directement, indirectement, accidentellement ou corrélativement à l’utilisation de ce texte ou toute erreur qu’il contiendrait. »
24